Kentucky Shakespeare Festival Inc

Analysis

Kentucky Shakespeare Festival Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Kentucky Shakespeare Festival Inc reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.3m (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2021, when income rose by 68%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Shakespeare Festival Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include 10 Talents ($1.3m), National Center on Philanthropy and the Law Inc ($1.3m) and The Boulder Ballet ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $119k (8.4% of expenses). Other salaries and wages came to $293k. At year end it held assets of $1.1m against liabilities of $585k, net assets of $473k. It reported 14 employees.